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Question 14 4.4 pts The liabilities and equities listed below of a foreign subsidiary have been converted to U.S. dollars at both current and
Question 14 4.4 pts The liabilities and equities listed below of a foreign subsidiary have been converted to U.S. dollars at both current and historical exchange rates. Assuming that the recording currency of the foreign subsidiary is the functional currency, what total amount should appear for these liabilities and equities on the U.S. company's consolidated balance sheet? Account Historical Rates Current Rate Accounts Payable $ 60,000 $ 48,000 Accrued Wages $ 270,000 $ 240,000 Common Stock $ 300,000 $ 288,000 Additional Paid-in Capital $ 120,000 $ 60,000 $738,000 $636,000 $750,000 $708,000
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